As part of the deal, Deng, 44, is expected to keep the apartment the couple once shared with their two young children, Grace and Chloe, on Fifth Avenue in Manhattan, as well as their home in Beijing.

It was the third marriage for 82-year-old Rupert Murdoch, who leads 20th Century Fox and News Corp.

The divorce won't affect control of the companies or the succession plan for them. Rupert Murdoch controls them through a family trust that benefits his four adult children from previous marriages.

He and Deng's two school-age daughters are beneficiaries of 8.7 million non-voting shares being held in a separate trust.

Murdoch filed for divorce from Deng in June, seeking to end a marriage that had been irretrievably broken, according to his spokesman. He made the move weeks before he was set to split his media and entertainment empire into two separate companies.